FX.co ★ EUR/USD analysis for February 28, 2017

Recently, the EUR/USD pair has been trading upwards. The price tested the level 1.0605. According to the 1H time frame, I found broken downward trendline in the background and successful changing in trend dynamic from bearish to bullish. The price is making higher highs and higher lows, which is good sign of strength. My advice is to watch for potential buying opportunties. The first target is set at the price of 1.0675.

Resistance levels:

R1: 1.0630

R2: 1.0675

R3: 1.0715

Support levels:

S1: 1.0545

S2: 1.0505

S3: 1.0465

Trading recommendations for today: watch for potential buying opportunities.